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all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk about budget cuts, usually, you have a premise that what arehe threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to nd the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it'sgog to be very dangerous for us. it's not that the defense budget can't be cut. we already mandated 500illion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means
all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk...
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neil: i don't deny the fact the heart is in the right place, but it's just the government. if you have to have a training program, and wait for a training program to help people, i always thought you had that built in traini program going, ready to go, but apparently not. >> well, i did have the opportunity today to speak, in person, to a cple fema reps asking about t topic. i said, there's a fox news report out saying you guys had people sight sing and not responding, and their excuse was, to your point, was that they are bringing in what's called the surge force, which are people from other governmental agencies that respond to disasters, and people coming in from washington, massachusetts, and the regular people from fema, they are trying hard, neil, but they are not getting the direction. when they get to town, that's when they train them for two to four days, and you would think, the federal government wld train them before they get to town so that they can help people immediately, and it seems like, again, the feds don't have everything in order, and we made mistakes
neil: i don't deny the fact the heart is in the right place, but it's just the government. if you have to have a training program, and wait for a training program to help people, i always thought you had that built in traini program going, ready to go, but apparently not. >> well, i did have the opportunity today to speak, in person, to a cple fema reps asking about t topic. i said, there's a fox news report out saying you guys had people sight sing and not responding, and their excuse...
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Dec 6, 2012
12/12
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MSNBC
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it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. the end of trial and error has arrived. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. than giving her a diamond is surprising her with one. save the surprise. shop online and ship to any zales store free. only at the diamond store. ♪ i'm lost in the light hi, i'm ensure clear
it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at...
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Dec 13, 2012
12/12
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FBC
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there's money to be made going into government, and security to be found in government. >> average federal workers earn $32,000 more than the average private sector worker, and i think there's just resentment towards federal workers because they are protected, because the administration is adding them. we see it every month. neil: in other words, you're here to serve us, not us you. what do you think of that, katrina? >> well, i also think a lot of small businesses, and business in general, a lot of times, get, you know, a bad wrap in the press, and as an entrepreneur, i started the business from scratch. i worked at the library in college to pay for my education, making $6 an hour. there's something to be said for hard work, and businesses keep the economy going. it's ultimately the american dream so i think we need to go back to and some argue against me, but we have to go back to running our country like a business, and there is benefits in small businesses. we create jobs. we're also providing opportunities for people coming out of college. you know, there's so many kids e-mailing me a
there's money to be made going into government, and security to be found in government. >> average federal workers earn $32,000 more than the average private sector worker, and i think there's just resentment towards federal workers because they are protected, because the administration is adding them. we see it every month. neil: in other words, you're here to serve us, not us you. what do you think of that, katrina? >> well, i also think a lot of small businesses, and business in...
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months of civil unrest and the deas of at least 40,000 murdered civilians at the hands of their own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasionn order seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, b refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope thathey do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will
months of civil unrest and the deas of at least 40,000 murdered civilians at the hands of their own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasionn order seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of...
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we heard these rumblings out of the administration and the foreign policy apparatus of this government for 15 months saying assad must go. doing absolutely nothing. 40,000 people murdered, and then, unbelievably, the secretary of state today saying that this, you know, the point of which we reach some sort of resolution depends on how many people the assad regimements to kill. are you kidding me? >> they don't know what to do. on this, lou, i have to defend -he administration. it's hard to know what to do in a situation which is now as chaotic as syria. i mean, look -- lou: should we only assign foreign policy masters in the state department and white house then easy, simple tasks they are resolve? >> no, i just think there's some foreign policy challenges more complex than others, and this is a hard one. we armed the libyans and know some of those weapons went to the very people blowing up american embassies and targets. lou: radicals, extremists, terrorists. the administration will not use that term. >> they misread it thinking the russians would help ease assad out of power. there's
we heard these rumblings out of the administration and the foreign policy apparatus of this government for 15 months saying assad must go. doing absolutely nothing. 40,000 people murdered, and then, unbelievably, the secretary of state today saying that this, you know, the point of which we reach some sort of resolution depends on how many people the assad regimements to kill. are you kidding me? >> they don't know what to do. on this, lou, i have to defend -he administration. it's hard...
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Dec 10, 2012
12/12
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CNBC
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government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be approved and there are more than a prove, mandy and brian, in washington, saying, do we really want the wanxiang group having access to the assets of a123. a123 add little bit of defense work, and it went to a different company. we will see whether or not this deal gets approved. >> let's bring in alan, research fellow at u.s. business and research council. thank you for joining us. >> my pleasure. >> you think this deal should not be allowed, how come? >> this is so mind-boggling stupid. i can't believe it's even come up. the last thing
government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be...
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Dec 7, 2012
12/12
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WTTG
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> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip to the hospital. he told the associated press he suffered chest pains but didn't believe he had a heart attack. this happened yesterday just hours after guatemalan officials rejected his bid for asylum. he was arrested for illegally entering the country on wednesday after weeks in hiding. he is a person of interest in the november killing of his american neighbor in belize. >>> a message from metro to some of its drivers, go to bed earlier. >>> what happened when one man tried to pull over a police officer. we'll see it. up next, we'll look at your weather and traffic as well. stay with us. oh, you have a a keurig vue brew?
> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip...
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Dec 10, 2012
12/12
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FBC
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twenty-seven rular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist chae that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the plication. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got more people involved and we needed to show more apparent support. the firs
twenty-seven rular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist chae that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the...
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Dec 13, 2012
12/12
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CNBC
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and i think there is more beyond with the government having an emerging plan. this is just taking a long period of time and i think that will continue on to next year. >> a very interesting guy, robert kapito. you just heard him say that his choices in order were u.s., then emerging markets, then europe. if you were to follow that advice and put money into the u.s. market, give me a couple of names would you look for for 2013. >> first of all, you want to buy names that cater to all of us that have less money. let's talk about one of those names. mcdonald's and costco. mcdonald'scaters to a letter budget crowd. obviously they have a huge emerging market expansion as well. and they seem to be capturing market share from starbucks. they've enrolled in juices and try to capture market share from jamba juice. >> a horrible luxury. not a luxury. but affordable food. >> correct. now let's go to affordable food. costco, you go to the back and there's the milk. but you have to go through the middle section. the middle section is what people buy, the high margin items.
and i think there is more beyond with the government having an emerging plan. this is just taking a long period of time and i think that will continue on to next year. >> a very interesting guy, robert kapito. you just heard him say that his choices in order were u.s., then emerging markets, then europe. if you were to follow that advice and put money into the u.s. market, give me a couple of names would you look for for 2013. >> first of all, you want to buy names that cater to all...
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going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 million more people on food stamps after that government program, isn't there a relationship there? >> there is . victoria properly stribes something that you call the welfare industrial complex. it gets to a certain size and looks on behalf of itself and that is a bad thing. we have another crisis here that is related. we have a growth crisis. we are growing at two perce and should be growing at four percent annually and right tax and regulatory policy to liberate job creators to do that i don't think we would have a food stamp crisis. >> i think think all of us could agree. that is keeping poor people poor because they are pushing welfare programs. >>, you shouldn't be shocked with theureaucracy and advertising in promotion to j
going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 million more people on food stamps after that government program, isn't there a relationship there? >> there is . victoria properly stribes something that you...
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Dec 5, 2012
12/12
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CNBC
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still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact that cohen has said he's confident that he and his company has named appropriately, there's still quite a lot arguing for these guys. >> important to note when we do this story every time. cohen himself hasn't been charged. >> correct. >> s.a.c. hasn't been accused. >> only a subsidiary uchbt. >> this was a former portfolio manager who worked for that unit. >> correct. >> at what point -- who has to pull their money for it to get people to notice. >> here's the key point. all of this has symbolic value, and i think this has turned a corner for people psychologically. i do have cohen allegedly invo
still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact...
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big government. >> ultratech is the one you like. they make chips. >> they make equipment that makes the chips. it is it a cverage way to play. >> j.p. morgan you like them. >> analyst expect a drop off andt could affect the company. >> yes, it will. hang in there for the term. >> that's it for forbes on fox. have a wonderful weekend. number one business block continues with cheryl casone and cash in. forget your hard earned paycheck. are unemployment checks going to stimulus the econo. house minority leader nancy peel pole said yes. >> it is more injected by unemployment insurance. >> okay, to get this number down, get the number of pele on these lines that you are looking at up. how ishat going to work. i am cheryl casone and welcome to cashin in . joining u is trace yejohn and ristian dorsey . welcome to allf you. tracey, benefits the best form of stimulus, really, you agree with that? >> the only thing that jobless stimulus benefit is apathy it is it easier to stay at home and collect a check than work at mcdonalds. we are so laz
big government. >> ultratech is the one you like. they make chips. >> they make equipment that makes the chips. it is it a cverage way to play. >> j.p. morgan you like them. >> analyst expect a drop off andt could affect the company. >> yes, it will. hang in there for the term. >> that's it for forbes on fox. have a wonderful weekend. number one business block continues with cheryl casone and cash in. forget your hard earned paycheck. are unemployment checks...
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Dec 7, 2012
12/12
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FOXNEWS
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or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get real about government spending. and that's the memo. now for the top story tonight and this is incredible. the pennsylvania department of public welfare says that a single mother with two children is better off taking a job that pays $29,000 a year than a job that pays $69,000 a year. why? because of entitlements. joining us now from our new york studio fox business anchor lou dobbs. so, lou, explain, this please. >> well, bill, first i think we have got to give great credit as you mention to the department of public welfare in pennsylvania they are bei
or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get...
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i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a couple making a hundred thousand a year, 2,000-dollars ght off th top, a huge share of theiriscretionary income, republican party will have t go back to the drawing board, and decide who and what it is, and whom it reprents. neil: i have to get -- the a backbone first. >> thank you, patrick. >> thank you. neil: taxes areo high here that companies stash cash everywhere but here, ralph nader on the money drain that is causing us a lot of pain. want to try to crack it? yeah, that'she way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and pers
i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a...
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Dec 5, 2012
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and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for debate and talk. >> ann notarangelo, thank you. >>> muni passes will soon be free to low income teenagers in san francisco. san francisco transportation official approved the $1.6 million plan this afternoon. it should go into effect by next march. the program will run for 16 months. it's designed to help low income youth younger than 18 years old. >> this is really about equity. this is really about providing opportunity to our youth in the city. >> meanwhile, muni service was back to normal today after a trolley car hit a woman in a wheelchair last night leaving her with life-threatening injuries. and a blown tran
and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for...
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>> the future of the republican party is a party that understands that limited government, limited government and free markets is not enough. that we have to have a message to say, how does that work for you? and that's why we put together specific policies that did in fact and free market policies that did in fact address lower and middle income americans. if we don't do that and go out and say, here's how -- for example, barack obama sort of stepped on it when he said you didn't build that. mitt romney went out and legitimately criticized for him but went out with a bunch of small business people and not so small business people. we could have gone out there with the people who work for the small business person. the person who knows the owner of that business and says we built this together. here's how this helps -- here's what these policies help me. and i don't think we did that -- i know we didn't do that. we didn't even try to do that. that's what we tried to do in our race. and i'm certainly going to be out there and have been out there already. i wrote an op-ed after the election for
>> the future of the republican party is a party that understands that limited government, limited government and free markets is not enough. that we have to have a message to say, how does that work for you? and that's why we put together specific policies that did in fact and free market policies that did in fact address lower and middle income americans. if we don't do that and go out and say, here's how -- for example, barack obama sort of stepped on it when he said you didn't build...
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Dec 11, 2012
12/12
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MSNBCW
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it's not me. >>> plus, new government warnings, how governments may be collecting large amounts of data on your kids. you're watching "first look" on m s msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. >>> some stories making news this morning. "the new york times" re
it's not me. >>> plus, new government warnings, how governments may be collecting large amounts of data on your kids. you're watching "first look" on m s msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just...
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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certn knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that peole have been dreaming about since 2009, that the tea party will dry up. tea party activists are
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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Dec 12, 2012
12/12
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FBC
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you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new roof, as long as i stay under a certain level. neil: democrats saying that is a nonstarter. >> i think it has to be both, they all have to be on the table. but rates are a question, if you raise the rate do you lower economic activity, do you lower the ability for person who works for a company with 20 employees. worse, than that, they may lower the number of employees because they cannot afford the growth they might otherwise have. neil: right or make it part time, is it your sense we'll have a deal? >> i want be to an optimist, i want to believe that president does not want to hurt this country, at the end of the day he will take a reasonable combination that gets us part way down the ro
you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new roof, as long as i stay under a certain level. neil: democrats saying that is a nonstarter....
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i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced they are cutting 11,000 positions? they are repositioning the company? nicole, the question is what's with the stock? nicole: the stock is moving significantly, up about 4% on a day where banking index higher. citigroup announcing 11,000 job cuts, 4% of the workforce. the savings will be roughly 1.1 billion dollars. they will be taking some pretax charges to the fourth quarter earnings of a billion. but this is basically reducing excess. and we should note this is the first move by the new ceo, michael corbatt. everybody had b
i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced...
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Dec 12, 2012
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government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> wellll, it's interesting. you know, for a long ime, in the 1990s and the early part of the 2000s, there was a lot of chat about throwing it out and starting over, and i think that conservatives note that if we do that, we would start over with the system much more efficient than the ones we have. we start with the consumptio
government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those...
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it only funds government for eight days. how can we be serious about staying focused on one thing in not talking about all the other issues. spending is defitely the issue we must do true enitlent reform or they will be here for thpeople currently. gerri: nobody is talking about that right now. we can't get pas the basics get to entitlements. thank you for comingon. you must come back soon. appreciate your time. >> you're welcome. thanyou for having e. gerri: an absolutete pleasure. coming up,i will be joined by moneyman wayne rgers for his take on the looming fcal cliff. >> coming up on "the willis report", does sped illed? w es this impact indivual trers? break down at this means for your gerriwillis.com. in the deh as it spirals out of cotrol. chopping debt in half. to they have th answers for sog the nation's debt crisis to mecca alo, a showdown between the epad aaa will he ne fuel cause damage your vehicle? the man behindegislaion to block the new gasole is us his take. we are on the case next on "the willis report." â™
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Dec 11, 2012
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from the government hself it may be months before they have a home. it seems sought on after two months it has made no contingency. don't be surprised if the folks to get the help raise a finger in the year. time to clear and how we stop this during the holidays with the greatest crisis we have never known common mayor guiliani. >> e response has not been at good. >> go back to where they did not have water. i am active with the twin towers fund raing many delivering blankets, water. one day after the nor'easter fema close the office for whether. this is ridiculous and should be extended immediately. neil: the governor of new york has to decide if it is warranted then you get an extension. fema should see e administrative screw up wherthousands are thwn to the streets? >> on septemb 11 george pataki and i sat next to the head o fema to cut out the bureaucracy not to submit there albany then washgton. the reality is the whole idea of fema is tout the governor should call today and the done by 5:00 this afternoon. then you cut out reaucracy. the preside
from the government hself it may be months before they have a home. it seems sought on after two months it has made no contingency. don't be surprised if the folks to get the help raise a finger in the year. time to clear and how we stop this during the holidays with the greatest crisis we have never known common mayor guiliani. >> e response has not been at good. >> go back to where they did not have water. i am active with the twin towers fund raing many delivering blankets,...
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Dec 6, 2012
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when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be bluffing, the administration did order the pentagon to consider the big cuts in military spending that would happen if we don't reach an agreement. in washington, doug luzader, fox news. >> stocks closed mostly higher as wall street remains optimistic. but the economy will get a fresh update when the labor department released the november unemployment report. >> our big story here at home, police in fairfax county continue to investigate a disturbing find. >> a gun was found inside one of student's lockers. school officials ensure parents the kids were never at risk.
when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be...
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and many states and governments are doing that. in the short-term, however, it's another question when you're in an economically very difficult time, if the states and local governments don't get money it forces to raise taxes or increase unempyment both are which are bad for the economy. conservative president bush had three efforts to provide state aid to state and local governments that were suffering during an ecomic downtournament. >> brenda: quickly, julian. >> and supported in the past. >> brenda: todd, what do you think. >> when is it going to end. you bail out detroit and next is harrisburg, pennsylvania. a ng list, doug. why do we have to save detroit? pick your city. i don't think it's right you have somebody out there, man made, blew through their budget, going bankrupt, d't have a strategy for recovery right now except to go hat in hand back to washingn. when you look the at all of that, why is it that i have to, as a taxpayer, continue to il out the other cies? it's just not fair and it's not right. >> brenda: got to
and many states and governments are doing that. in the short-term, however, it's another question when you're in an economically very difficult time, if the states and local governments don't get money it forces to raise taxes or increase unempyment both are which are bad for the economy. conservative president bush had three efforts to provide state aid to state and local governments that were suffering during an ecomic downtournament. >> brenda: quickly, julian. >> and supported...
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families and plenty of heroes,nd teachers and so forth, and you're rig out of washington we've allowed our government to create a lead weight of debt that brings us down, down, down, instead o great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breakinghat this whole enormous adventure of outerpace has now passed from the united states to other countries. it's just a heartache. >> do you think, charles payne, that we could have done what we did in the states and even initiated a race, if we had the debt, if we do now back then? >> 16 trillion? i, you know, it would have been a lot tougher to push it through. i do want to get back to what adam was saying. there's big difference between being a public servant to your constituents to america, and being this servant to an agenda or an ideology. i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country fal
families and plenty of heroes,nd teachers and so forth, and you're rig out of washington we've allowed our government to create a lead weight of debt that brings us down, down, down, instead o great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breakinghat this whole enormous adventure of outerpace has now passed from the united states to other countries. it's just a heartache. >> do you...
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and part of tis is being subsidized by the government through record disability payments. lou: disability aymts from social security administration, taking that a side when one looks at food stamps and medicaid alone, you can add other incentives as well and support programs, but we ae looking at the prospect of having one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this countr and we hae nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big surplus. isel was in a ctastrophic crisis inthe m 80's. it cut its way drastically to a surplus. lou: this country has a long history. >> and new zealand. lou: this country, if we can be parochial allotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, returning
and part of tis is being subsidized by the government through record disability payments. lou: disability aymts from social security administration, taking that a side when one looks at food stamps and medicaid alone, you can add other incentives as well and support programs, but we ae looking at the prospect of having one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this countr and we hae nancy pelosi,...
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Dec 12, 2012
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this is recognition that we have to get control over out-of-control governments. i think you were more accurate the first time. i idea here is that you have a free rider problem. when you have folks that are not paying union dues. kate's comment is right. it is a union breaking measure. some people see the unions as a free rider. picking the pockets of non union employees on union work sites. i think you should tell the president and vice president don't pick the american pockets so much. you know, i think republicans at the end of the day want to make a strategic move to extend the middle class tax cuts. but i think these huge revenue numbers which pick taxpayer pockets. don't go so far in that. taxpayers have limits. >> larry, i thought your position in that interview was right. i was thinking i'm glad larry is here in town comes down to my town to talk about economic growth. and we can have all kinds of arguments that you and i have had for years. but your position was right. we have to solve this problem which is going to involve problems in the interest in th
this is recognition that we have to get control over out-of-control governments. i think you were more accurate the first time. i idea here is that you have a free rider problem. when you have folks that are not paying union dues. kate's comment is right. it is a union breaking measure. some people see the unions as a free rider. picking the pockets of non union employees on union work sites. i think you should tell the president and vice president don't pick the american pockets so much. you...
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Dec 13, 2012
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it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to name names. but if you watched that concert last night and you saw the people that were there and you could go to the robin hood foundation organization website, guess what, harry reid? those are the people that give their money away to help people. and i leave it at that. and that's what the fiscal cliff and taxes and charity have to do with the benefit last night. >> i suppose if harry reid or nancy pelosi were here, and they're not here, i wish some of them were, to respond to what you're saying. >> they don't give money to charity. they don't give money to c
it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to...
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, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
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Dec 6, 2012
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states began prohibiting alcohol before the federal government passed the constitutional amendment to do so. and once prohibition was the law of the land, through that constitutional amendment, it was actually states that first began breaking that consensus by basically, in opposition to the federal government, essentially legalizing alcohol. there is a similar movement happening now, happening tomorrow, actually. and 50 years from now or 80 years from now, we may look back on december 6th, 2012, on tomorrow, as an equally epoch ral moment, as the end of prohibition 2.0. tomorrow washington state will begin the process of implementing the most liberal marijuana regime in the world, along with colorado. on election day this year, voters in both colorado passed ballot initiatives legalizing react rational use of pot. in washington, as of tomorrow, it will no longer be against the law to have in your possession up to an ounce of marijuana if you are over the age of 21. that happens tomorrow in washington state. there are many, many unanswered questions as to how this will work in the act
states began prohibiting alcohol before the federal government passed the constitutional amendment to do so. and once prohibition was the law of the land, through that constitutional amendment, it was actually states that first began breaking that consensus by basically, in opposition to the federal government, essentially legalizing alcohol. there is a similar movement happening now, happening tomorrow, actually. and 50 years from now or 80 years from now, we may look back on december 6th,...
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Dec 10, 2012
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the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey otherwise would have, dont take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it will not grow as fast as it would have. speetracy: inevitably our taxesl go up because the wealthy do not pay as much as they thought. >> there's not enough revenue at the top to fit the bill. they still need to get back to where they get is coming from, spending on entitlement programs as social security and medicare. tracy: we spent $270 billionn3 from 21,022,014 on this credit, how come we don't talk about that? >>
the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey...
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the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
the agency's, the salaries of all government employees. more of a leg to stand on about fairness and taxing the rich. if our politicians would give up their entitlements we would save the country billions and not have to affect the eneral public and their social security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you...
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Dec 11, 2012
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with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as the lone perpower is nearing an end. former director of national intelligence jo negro panty joins us to talk about our future as a superpower and the challenges that we'll surely face we begin tonight with one of the few scheduling misadventures of president obama'swire tenure in -- entire tenure in office. e president speaking to autoworkers outside detroit today, aday before governor snyder will sign michigan' newly-passed right-to-work law into effect. the presidenttanding firmly with the unio that worked hard to get him reelected. >> wha we shouldn't do, i st gotta say this, wt we shouldn't be doing is try to take away your r
with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as the lone perpower is nearing an end. former director of national intelligence...
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you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stres ship fedex express by december 22nd for christmas delivery. melissa: so much for a penny for your thoughts. how does $750,000 sound? that is what one yelp and angie's list user is being sued for, all because she wrote a critical review. isn't that what the sites are kind of for? here in a fox business exclusive, anoth
you see when the economy collapses the government will collapse. melissa: ali, thanks so much for coming on. we appreciate your time. >> thank you. melissa: it is enough to make yelp users scream. a woman rips apart a business in a review. now the owner is suing her for $750,000. that owner is here in an exclusive interview to explain why. that is coming up next. at the end of the day it is all about money [ roasting firewood ] ♪ many hot dogs are witin you. try pepto-bismol to-go, it's...
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Dec 12, 2012
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the libyan government. four of our americans were murdered. it can be devastating and you've got people poisoning the scene by walking through it. >> yes. you know, it's, the libyan government has to deal with their own political situation. their own sensitivities. there is only so much we can push them, i really have confidence that the fbi will. >> greta: cutoff money to them. we have an effective weapon. cutoff money to them. that is effective. >> yes. there isn't that much money going in there. >> greta: $300 million to libya is are the of money. for $300 million can do a lot in my hometown if they're not getting anything fortunate libya give to it my hometown. >> there you go. there should be more pressure. no question. but remember that it took five years to get the olympic in atlantic. fbi trying to cutoff with him. i think it will catch up with these individuals. >> greta: i hope they do. i do know the trail gets colder every day. often times we do catch up with people. we caught up with bin laden. i wish it looked more aggressive from
the libyan government. four of our americans were murdered. it can be devastating and you've got people poisoning the scene by walking through it. >> yes. you know, it's, the libyan government has to deal with their own political situation. their own sensitivities. there is only so much we can push them, i really have confidence that the fbi will. >> greta: cutoff money to them. we have an effective weapon. cutoff money to them. that is effective. >> yes. there isn't that much...